Travis Boats, Mapix, Midway plunge

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Earnings advisories

Travis Boats & Motor
trvs
shares plunged 25 percent Friday after the company warned that its second, third and fourth-quarter earnings will fall short of the consensus estimate on Wall Street. The company anticipates a second-quarter profit of 22 to 32 cents a share, while analysts polled by First Call expected a profit of 53 cents a share. The cumulative result for the fiscal 2000 is expected to be between 80 and 90 cents a share, while analysts currently expect a profit of $1.82 a share. The stock fell 5 3/4 to 6 15/16. See full story.

Shares of software company Mapics Inc.
mapx
dropped 39 percent after the company warned that second-quarter earnings will be "significantly" below the year-ago and the consensus estimate. Last year, the company posted second-quarter earnings of $2 million, or 9 cents a share. Analysts polled by First Call expected a profit of 15 cents a share. Mapics cited lower-than-expected license revenue. The company anticipates revenue of between $33 and $35 million, compared with $30.3 million in the year-ago period. Shares fell 5 5/16 to 8 3/16. See Screamers.

Midway Games Inc.
MWY, +4.70%
said it expected a third- and fourth-quarter loss, as a result of lower-than-expected sales in home video and coin-operated games. The loss will be between 23 and 27 cents a share, compared with a profit of 3 cents in the year-ago period. Analysts polled by First Call expected a profit of 25 cents a share. Revenue for the third quarter will be between $50 and $55 million from $80.3 million in the year-ago period. As for the fourth quarter, the company anticipates a loss, while analysts were looking for a profit of 18 cents a share. Shares plunged 5 7/8, or 41 percent, to 8 3/8.See full story.

Cerner Corp.
CERN, +0.35%
said that its first-quarter profit would come in ahead of the current consensus estimate. Earnings will be about 7 cents a share, while Wall Street analysts collectively expect a profit of 3 cents a share. The company cited an increase in new business bookings of about $95 million. Revenue will be about $87 million. Gross margins are expected to be 79 percent, reflecting a higher mix of services and software in the quarter. Shares traded up 7 to 32.

JDA Software Group
jdas
saw shares jump 23 percent after the company said it expects first-quarter results to beat the consensus estimate. Analysts polled by First Call expected a profit of 3 cents a share. The company said software license revenue will be about $15 million, which doubles the license fee revenue posted in the year-ago period. Shares traded up 2 1316 to 17 7/16. See full story.

Internet health network company Healtheon/WebMD Corp.
HLTH, +1.91%
said that it expects first-quarter revenue to exceed $62 million, compared to $33 million in the fourth quarter of 1999. In addition, the company said it expects to report a loss before non-cash charges, primarily depreciation and amortization, of less than $90 million for the first quarter of 2000. Shares shot up 7 1/2 to 29 3/16. See full story.

Alcatel
ALA, -0.30%
said it expects first-quarter earnings to be ahead of the current consensus estimate of 20 cents a share. The company said the quarter benefited from strong growth in the Telecom business, along with higher capital gains. Shares rose 4 1/4 to 46. See full story.

Tommy Hilfiger
TOM, +0.00%
warned Friday that its fourth-quarter profit would come in near the low end of expectations and that earnings in fiscal 2001 could decline by as much as 40 percent. The clothing-designer said earnings for the fourth quarter will come in closer to the bottom end of the company's previously given range of 35 to 45 cents. The company also said it would buy back as much as $150 million in stock in an effort to boost its share price. The shares fell 4 7/16, or 32 percent, to 9 3/8. See full story.

Dime Community Bancshares Inc.
DCOM, +0.78%
announced that it expects to beat first-quarter earnings expectations by 5 cents a share. Dime said it expects earnings of 49 cents a share vs. 45 cents a share in the same period last year. Analysts surveyed by First Call expected 44 cents a share. Shares traded up 1/4 to 16 3/8.

Positive surprises

California Amplifier
CAMP, +0.74%
announced fourth-quarter results with earnings of 13 cents a share, compared with earnings of 1 cent a share in the same period last year. Two analysts surveyed by First Call expected earnings of 12 cents a share. Sales for the quarter were $27.7 million, compared with revenue of $10 million in the quarter last year. The stock traded down 3 to 27 7/8.

Shares of Cognos
cogn
rose 17 percent following news that the company topped first-quarter earnings expectations and declared a 2-for-1 stock split. Cognos reported net income of $21.3 million, or 47 cents per share, compared to $17.2 million, or 39 cents per share, for the same period last year. Analysts surveyed by First Call expected 43 cents a share. Cognos climbed 11 1/8 to 76 3/4. See full story.

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